新华财经北京7月14日电（王菁）随着系统自动化水平与信用风险缓释工具（CRM）领域的不断发展，我国金融市场基础设施加强协同发力，助力信用衍生 品创新质效进一步提升。今年以来，凭证类CRM即信用风险缓释凭证（CRMW）显著发挥风险分担功能，与金融"五篇大文章"紧密结合， 助力实体尤其是 科创企业实现多元化融资需求。 新华财经获悉，在债券市场"科技板"落地的两个月以来，CRMW在支持科创企业债券发行方面已经"崭露头角"。截至2025年6月底，挂钩银行间市场科技创 新债券的CRMW共创设登记6笔、3.95亿元，累计支持12.5亿元科技创新债券成功发行，其中3笔为首批科技创新债券风险分担工具，通过创设CRMW为两家 民营股权投资机构在银行间市场成功获得2.5亿元低成本、长期限融资。 业内人士表示，信用风险缓释工具与"科技板"的迅速融合，有助于合理提升债务融资规模、降低融资成本，缓解企业尤其是民营主体的融资难问题。一般来 说，配售信用风险缓释工具后，债券投资者的顾虑也会得以缓解，其他借款机构对标的企业的认可度会提高、贷款资金来源会更加丰富。而地方性金融机构 在尝试更多类型的相关业务过程中，将提升其信用衍生品设计、交易能 ...

Group 1: Key Meetings and Collaborations - Shanghai Mayor Gong Zheng met with Prudential Group CEO Huakang Yao, emphasizing the importance of financial openness and collaboration in asset management and green finance [2] - The Shanghai Financial Industry Association held a successful re-election meeting, with a focus on enhancing the role of the association in supporting economic development and financial innovation [3] Group 2: Policy and Regulatory Developments - The Shanghai Municipal Financial Office convened a meeting to convey the spirit of the 12th Municipal Committee's seventh plenary session, outlining future work deployment [4] - A notice was issued regarding the 2025 Shanghai Oriental Talent Plan, inviting applications for outstanding youth projects in the financial sector [5] Group 3: Financial Support Initiatives - Shanghai encourages financial institutions to provide seamless and non-repayment loans to small and medium-sized enterprises in the software and information services sector [6][7] - The Shanghai Futures Exchange released an international version of its business rules to facilitate high-level openness in the futures market [10] Group 4: Market Developments - The first batch of Sci-Tech Innovation Bond ETFs was established, with net subscription amounts exceeding 2.9 billion yuan [8] - The Shanghai Stock Exchange and Shenzhen Stock Exchange announced the upcoming launch of several specialized indices focusing on niche markets [9] Group 5: Financial Technology and Innovation - The Shanghai Financial Technology Innovation Regulatory Tool Workgroup announced the testing phase for six new innovative applications aimed at enhancing digital finance [11] - Shanghai Rural Commercial Bank issued a $30 million non-resident acquisition loan to support a domestic pharmaceutical company's cross-border acquisition [12] Group 6: Long-term Investment Regulations - The Ministry of Finance introduced new regulations for insurance companies to enhance long-term investment stability and sustainability [14] - The National Financial Supervision Administration released guidelines for the appropriate management of financial products to protect consumer rights [15]